Festival City Symphony Inc

Analysis

Festival City Symphony Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Festival City Symphony Inc reported income of $280k and spending of $273k, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $241k to $280k (+16%), an average of +5.2% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Festival City Symphony Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within WI. Charities of a similar size with the same main cause include Hear Now Music Festival ($280k), Historical Society of Upper St Clair ($280k) and Chamber Music Monterey Bay ($280k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $69k (25% of expenses). At year end it held assets of $34k against liabilities of $1,526, net assets of $32k.